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SALASAR TECHNO ENGG. LTD.SALASAR TECHNO ENGG. LTD.SALASAR TECHNO ENGG. LTD.

SALASAR TECHNO ENGG. LTD.

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SALASAR trade ideas

SALASAR Techno Eng - An Opportunity to Buy & HoldSalasar Techno Eng Recent Trend: Mixed Bag Here's a breakdown of Salasar Techno Eng's recent trend: Positive Signs: -Strong year-to-date performance: The stock is up 60.46% so far in 2024. Outperformance vs Nifty Smallcap 100: The stock has significantly outperformed the Nifty Smallcap 100 index over the past 3 years (229.38% vs 81.14%) . Negative Signs: - Short-term volatility: The stock price has seen some fluctuations recently, including a slight dip today (1.33% down). High valuation: - The company's P/E ratio is higher than the sector average, which could indicate some risk of a price correction. Upcoming Events:- Board meeting: The company has a board meeting scheduled for May 30th, 2024, to discuss audited financial results . This could be a potential catalyst for the stock price depending on the outcome. Overall, Salasar Techno Eng's recent trend is a mixed bag. The stock has performed well year-to-date but has seen some short-term volatility. The upcoming board meeting could be a factor to watch in the near future. This is my personal opinion based on the technical and fundamental analysis of the stock. Please do your own research before entering into the trade as I am not SEBI registered person to suggest stocks. All points are mentione on the chart, kindly go through the chart properly... Thanks for your support as always
NSE:SALASARLong
by ForexTrader4all
Salasar Techno Engineering Ltd.P&F/RB Pattern: Monthly Basis Strong Resistance at 35/37 Once Taken Out & Sustained. Good to Go! Vol. BuiltUp/BreakOut to Be Watched. *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot* Estab. in '06, Co. a Steel Structure Mfg./ EPC Infra. Provides services across telecom, energy and railways sector. Provides 360-degree solutions: Engineering, Designing, Fabrication, Galvanisation & Deployment Services for Telecom / Solar sectors. Capex in Railways/Telecom/Infra Augurs well for Co. Also engaged in Erecting Towers / Transmission line towers in EPC segment. Govt./PSU Major Customers. Fluctuating Sales on Qtrly/Improving on Yrly Basis. Profitability Stable. Slight Decline in RoA/RoE/RoCE in FY22 vs. FY21. Moderate Leverage. Improving TNW. Improved WC Cycle/CF from Ops. Promoter Stake Stable. FII stake Up since Mar'22. Capex: Zinc Plant: 96K MTPA/ Cost: Rs.56 Crs (Rs.42 Crs from Term Loans). Finish by FY23. *Concern:* Low C&CE. DII Stake Nil. Stretched WC Cycle. Tender based Work. *Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
NSE:SALASARLong
by IdeasNeosagi